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  • Tuesday newspaper round-up: Tesla, house prices, Hinkley Point, Ultra

    Tuesday 27 Jul 2021

    (Sharecast News) - Tesla made a profit of more than $1bn in the last three months even as it struggled to keep up with demand for electric cars in the face of a global chip shortage. The company announced Monday that it has made a profit of $1.14bn in its second quarter, 10 times what it made a year ago and its eighth quarter of back-to-back profits. - Guardian

  • Monday newspaper round-up: British economy, Post Office, Selfridges

    Monday 26 Jul 2021

    (Sharecast News) - The British economy is growing at its fastest pace in 80 years and could recover its pre-pandemic size by the end of this year, according to a leading economic forecaster. Buoyed by the vaccine rollout and a bounce back in consumer spending, the EY Item Club said it now expected GDP to grow by 7.6% - which would be the fastest annual growth in national income since 1941. The UK economy shrank by 9.8% in 2020, the worst performance in the G7. - Guardian

  • Sunday newspaper round-up: New infections, Morrisons, Pfizer

    Sunday 25 Jul 2021

    (Sharecast News) - The number of people infected with coronavirus has dropped for a fourth day, raising hopes that the pandemic may be levelling off. The UK recorded 31,795 new infections yesterday, a fall of 32 per cent from the 46,558 on Tuesday. The figure is down 42 per cent from last Saturday. "Great to see continued signs of Delta descent in the UK today," tweeted Dr Eric Topol, a US physician who is an international authority on the coronavirus. Some scientists cautioned that the data does not capture the impact of "freedom day" last Monday. But Paul Hunter, professor of medicine at the University of East Anglia, hailed it as "remarkable" and "absolutely good news". - Sunday Times

  • Friday newspaper round-up: Self-isolation, Blackstone, Starling

    Friday 23 Jul 2021

    (Sharecast News) - Workers from 16 key sectors including health, transport and energy will not have to isolate after being pinged by the NHS Covid app, as it was revealed that more than 600,000 people in England and Wales were sent self-isolation alerts last week The raft of changes, after days of frantic talks with industry leaders, came amid open Conservative revolt over the so-called "pingdemic" with the former health secretary Jeremy Hunt warning the government that it was facing a crisis of public trust in the system. - Guardian

  • Thursday newspaper round-up: Supermarkets, Newport Wafer Fab, Vectura

    Thursday 22 Jul 2021

    (Sharecast News) - Supermarkets are under "increasing pressure" to keep shelves fully stocked, retail industry leaders have warned as the growing havoc wreaked by the "pingdemic" continues to force thousands of workers to self-isolate. With shops in some areas suffering shortages, and firms in sectors from petrol stations to the postal service affected by absences, the government is being urged to include supermarket staff, lorry drivers and other frontline workers on a list of those exempted from self-isolation rules. - Guardian

  • Wednesday newspaper round-up: UK public services, theatres, Apple

    Wednesday 21 Jul 2021

    (Sharecast News) - Rishi Sunak is poised to usher in cuts to public services of up to £17bn compared with the government's pre-pandemic plans unless he takes action this summer to increase funding, a leading thinktank has warned. The Institute for Fiscal Studies said the government was on track to spend between £14bn and £17bn less each year on a range of public services from April 2022 than had been earmarked prior to Covid-19. - Guardian

  • Tuesday newspaper round-up: Fintech sector, Greensill, Johnson Matthey, Stonegate

    Tuesday 20 Jul 2021

    (Sharecast News) - Britain's digital finance industry, more commonly known as the fintech sector, has hit a multibillion-pound peak of investor interest. Banking app Revolut confirmed last week that it had raised another $800m from big investors including the Softbank Vision Fund, pushing the bank's valuation to $33bn (£24bn). It came just weeks after Wise, the forex transfer business, listed on the London Stock Exchange at nearly £9bn. - Guardian

  • Monday newspaper round-up: House prices, pingdemic, Ocado

    Monday 19 Jul 2021

    (Sharecast News) - Months of "frenzied buyer activity" have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom. - Guardian

  • Sunday newspaper roundup: Vectura, Sunak, Cobham

    Sunday 18 Jul 2021

    (Sharecast News) - "The head of Marlboro cigarette-maker Philip Morris International (PMI) has hit out at critics of a controversial swoop on a healthcare company, claiming that the acquisition will help achieve its target to make the UK smoke-free within a decade. In the wake of fierce opposition to the deal to buy FTSE 250 inhaler-maker Vectura, André Calantzopoulos, PMI's executive chairman, said the "obsessive focus" by anti-smoking campaigners on Big Tobacco was the "wrong approach", adding that PMI has the "ability and the technology" to address harm from smoking." - Sunday Telegraph

  • Friday newspaper round-up: Alfresco dining, Shell, Glaxo, Vectura

    Friday 16 Jul 2021

    (Sharecast News) - Independent high street businesses could face a "tsunami of closures" after their debt climbed to almost five times the level it was before the Covid-19 pandemic, as shops, hairdressers, bars and restaurants battle to survive. About 150,000 small businesses have racked up £2.3bn in debt, up from £500m before the pandemic, based on government-backed loans and not including rent debt, according to a report from Bill Grimsey, the former boss of Wickes and Iceland, who has backed a series of investigations into the state of the high street. - Guardian

  • Thursday newspaper round-up: Salt tax, music streaming, SFO

    Thursday 15 Jul 2021

    (Sharecast News) - Ministers are being urged to levy a £3bn sugar and salt tax as part of a "once-in-a-lifetime opportunity" to break Britain's addiction to junk food, cut meat consumption by nearly a third and help tackle climate change. The government-commissioned National Food Strategy, drawn up by the restaurateur Henry Dimbleby, says the UK population's "malfunctioning" appetites and poor diets - fuelled by consumer and manufacturer's reliance on processed food - place an unsustainable burden on the NHS and contribute to 64,000 deaths each year. - Guardian

  • Wednesday newspaper round-up: Hospitality firms, Vectura takeover, Opec

    Wednesday 14 Jul 2021

    (Sharecast News) - More pubs, bars, hotels and restaurants could be facing collapse, despite restrictions easing from 19 July, having built up almost £10bn in debt during the pandemic. Hospitality, retail and property business leaders told MPs on Tuesday there was an urgent need to revamp business rates, kick off arbitration on rent debts and extend payment terms for government-backed loans, as the government hands over responsibility on Covid protection measures to individual businesses. - Guardian

  • Tuesday newspaper round-up: Fuel poverty, Amazon, Apple, freeports

    Tuesday 13 Jul 2021

    (Sharecast News) - Almost 400,000 UK households could be pushed into fuel poverty this winter as energy bills climb by almost 10% as a result of rising gas market prices. At least 3 million homes in the UK are already thought to be unable to afford their energy bills, and the number in fuel poverty could grow by 392,000 within the coming months. - Guardian

  • Monday newspaper round-up: UK business confidence, lorry drivers, house sales

    Monday 12 Jul 2021

    (Sharecast News) - UK business confidence has jumped as firms anticipate the lifting of lockdown restrictions later this month, despite concerns over the rise in Covid-19 infections. A survey by accountancy and business advisory firm BDO found that firms were their most optimistic since 2005 in June. Manufacturing optimism rose sharply, due to improved global economic outlook driven by the Covid-19 vaccine rollout this year. - Guardian

  • Sunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury

    Sunday 11 Jul 2021

    (Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday

  • Friday newspaper round-up: Crossrail, Ineos, HSBC

    Friday 09 Jul 2021

    (Sharecast News) - Airlines on Thursday reported a surge in flight bookings from the UK after the government announced that fully vaccinated passengers and their children could return from amber-listed countries without quarantine after 19 July. EasyJet said that bookings to destinations rated as amber for coronavirus rose by 400%, and holiday bookings increased by 440 week-on-week in the hours since the transport secretary, Grant Shapps, confirmed the change in policy on Thursday morning. - Guardian

  • Thursday newspaper round-up: Staff shortages, retailers, Morrisons

    Thursday 08 Jul 2021

    (Sharecast News) - Britain's employers are struggling with the worst staff shortages since the late 1990s, amid the rush to reopen from lockdown and a sharp drop in overseas workers due to Covid and Brexit. Sounding the alarm over the risks to economic recovery from acute labour shortages, the Recruitment and Employment Confederation (REC) and the accountancy firm KPMG said the number of available workers plunged in June at the fastest rate since 1997. - Guardian

  • Wednesday newspaper round-up: Train travel, Greensill, Spire Healthcare

    Wednesday 07 Jul 2021

    (Sharecast News) - Rail travel in England risks losing out to cars in the recovery from Covid because the Department for Transport lacks urgency and does not "appreciate the scale of the challenge ahead", MPs have warned. A critical report from the Commons public accounts committee said that taxpayers could also be left on the hook for large additional costs because new contracts had been awarded without sufficient transparency "to inform oversight". - Guardian

  • Tuesday newspaper round-up: BoE, Morrisons, high streets, Spire Healthcare

    Tuesday 06 Jul 2021

    (Sharecast News) - The Bank of England will only require staff to work in the office one day a week from September, in contrast to many City banks that are asking workers to return to a full-time commute to the Square Mile. As the prime minister confirmed the lifting of most remaining Covid-19 restrictions from 19 July, a senior official said the central bank would trial a "hybrid" model allowing people working from home to participate in meetings at its Threadneedle Street offices. - Guardian

  • Monday newspaper round-up: TfL, Taylor Wimpey, Sainsbury's, Bridgepoint

    Monday 05 Jul 2021

    (Sharecast News) - Transport for London (TfL) has recorded a £100m plunge in advertising revenue across its network of tube stations, trains and buses after Covid-19 pandemic restrictions kept commuters away from travelling to work. TfL's advertising estate - which comprises more than 100,000 billboards, posters and panels throughout the capital's tube and rail network, in trains and on buses and shelters - is one of the largest and most valuable in the world. - Guardian

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